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IFP Advisors Inc raised its stake in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 35.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,494 shares of the company’s stock after buying an additional 389 shares during the period. IFP Advisors Inc’s holdings in MongoDB were worth $517,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Moody National Bank Trust Division raised its holdings in MongoDB by 21.9% during the third quarter. Moody National Bank Trust Division now owns 1,641 shares of the company’s stock valued at $568,000 after buying an additional 295 shares in the last quarter. Spence Asset Management increased its stake in shares of MongoDB by 13.2% in the third quarter. Spence Asset Management now owns 832 shares of the company’s stock worth $288,000 after purchasing an additional 97 shares during the period. CWM LLC increased its stake in shares of MongoDB by 8.2% in the third quarter. CWM LLC now owns 2,591 shares of the company’s stock worth $896,000 after purchasing an additional 196 shares during the period. Vontobel Holding Ltd. increased its stake in shares of MongoDB by 5.8% in the third quarter. Vontobel Holding Ltd. now owns 4,224 shares of the company’s stock worth $1,461,000 after purchasing an additional 232 shares during the period. Finally, Carnegie Capital Asset Management LLC increased its stake in shares of MongoDB by 2.7% in the third quarter. Carnegie Capital Asset Management LLC now owns 2,145 shares of the company’s stock worth $742,000 after purchasing an additional 57 shares during the period. 88.89% of the stock is currently owned by institutional investors.

MongoDB Price Performance

MongoDB stock opened at $407.48 on Monday. The business’s fifty day moving average is $382.80 and its two-hundred day moving average is $379.65. The company has a debt-to-equity ratio of 1.18, a quick ratio of 4.74 and a current ratio of 4.74. The firm has a market cap of $29.41 billion, a P/E ratio of -154.35 and a beta of 1.19. MongoDB, Inc. has a 52 week low of $164.59 and a 52 week high of $442.84.

MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings results on Tuesday, December 5th. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.45. The business had revenue of $432.94 million for the quarter, compared to the consensus estimate of $406.33 million. MongoDB had a negative net margin of 11.70% and a negative return on equity of 20.64%. The firm’s quarterly revenue was up 29.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($1.23) EPS. Equities research analysts forecast that MongoDB, Inc. will post -1.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on MDB shares. Bank of America started coverage on MongoDB in a research note on Thursday, October 12th. They issued a “buy” rating and a $450.00 price objective on the stock. Truist Financial reiterated a “buy” rating and issued a $430.00 price objective on shares of MongoDB in a research note on Monday, November 13th. Stifel Nicolaus reiterated a “buy” rating and issued a $450.00 price objective on shares of MongoDB in a research note on Monday, December 4th. Macquarie lifted their price objective on MongoDB from $434.00 to $456.00 in a research note on Friday, September 1st. Finally, Morgan Stanley boosted their price target on MongoDB from $440.00 to $480.00 and gave the company an “overweight” rating in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $432.44.

Check Out Our Latest Report on MongoDB

Insider Activity

In other MongoDB news, CAO Thomas Bull sold 518 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $342.41, for a total transaction of $177,368.38. Following the transaction, the chief accounting officer now owns 16,672 shares of the company’s stock, valued at approximately $5,708,659.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Dev Ittycheria sold 134,000 shares of MongoDB stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $327.20, for a total value of $43,844,800.00. Following the completion of the sale, the chief executive officer now directly owns 218,085 shares in the company, valued at $71,357,412. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Thomas Bull sold 518 shares of MongoDB stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $342.41, for a total value of $177,368.38. Following the completion of the sale, the chief accounting officer now owns 16,672 shares of the company’s stock, valued at $5,708,659.52. The disclosure for this sale can be found here. Insiders have sold 298,337 shares of company stock valued at $106,126,741 over the last three months. 4.80% of the stock is owned by insiders.

About MongoDB

(Free Report)

MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.

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